What is important to look at is what the world events are that caused it to drop over the last 10 years.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W...
To summarize the December numbers from each of the last 10 years:
2016 695M
2017 663M
2018 649M
2019 634M
2020 638M
2021 595M
2022 375M
2023 353M
2024 393M
2025 413M
Today: 307M